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BluetonaFX - AUDUSD Third Attempt at Range Zone ResistanceHi Traders! AUDUSD has reached the resistance of its range zone, and there is potential for a resistance break if the bullish momentum continues. Price Action 📊 The price action looks bullish, with market swings showing higher highs and higher lows. The market broke and closed above the 20 EMA yesterday with huge momentum. Additionally, this is the third attempt at the range zone resistance, which indicates that buyers want to take the market upwards. We are looking for further bullish momentum, and our plan is to buy the market dips and retracements. Fundamental Analysis 📰 Weaker than expected data has recently been coming out of the US, and this may be a sign of the US economy slowing down towards the end of the year. US retail sales are out later today, and if the figure is weaker than expected, traders will start to get increasingly nervous about the US dollar. Support 📉 0.63604: PREVIOUS DAY'S LOW Resistance 📈 0.65230: RANGE ZONE RESISTANCE Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
AUSSIE RALLY IS STARTING! [AUDUSD] LONG POSITIONIntroduction: The AUD/USD currency pair is exhibiting compelling signals hinting at a potential trend reversal, with a particular focus on the recent price action and key technical levels. Current Status: As of the close of the New York session, the price has firmly held ground at 0.65100, maintaining its position above crucial support levels. A noteworthy observation on the daily timeframe is the rebound from the 31.8% Fibonacci retracement level, signaling resilience in the bullish sentiment. Structural Shift: The narrative evolves further when examining the structure of the market. From early November, there was a notable Break of Structure (BOS), suggesting a shift in market dynamics. However, as of November 16, a Change of Character (CHOC) is evident, signaling a potential reversal in the prevailing trend. 4-Hour Bullish Momentum: Zooming into the 4-hour timeframe, candlestick patterns reflect a robust bullish trend. Multiple bullish candles with few wicks rejecting the 0.65150 zone, coupled with positive volume, create a compelling case for an imminent breakout. The 0.65150 level, appearing as a psychological barrier, is poised for a potential rupture. Long Position Opportunity: Considering the current dynamics, there appears to be a Long Position opportunity on the horizon. A favorable entry scenario is anticipated if the price successfully breaks the 0.65150 zone and undergoes a retest, confirming the newfound support. This setup presents a potential profit target of approximately 80 pips. Intraday Insights: During the overlap of the London and New York sessions, the price action adds another layer of intrigue. A Hammer candlestick followed by a Belt candlestick suggests a tussle between sellers and buyers. Despite the sellers' attempt to push the price down, the momentum from buyers appears to be gaining strength, setting the stage for a potential rally. Conclusion: In conclusion, the AUD/USD pair is displaying multiple indicators signaling a potential reversal and the initiation of a bullish trend. Traders are advised to closely monitor the 0.65150 zone for a breakout, and consider a Long Position with a retest confirmation. The recent price action, structural shifts, and intraday patterns collectively contribute to a compelling case for a rally in the Aussie.
Long
by e11p
1
AUDUSD: Asian foreign exchange market is quiet, USD recoversWednesday saw limited movement in the majority of Asian currencies, but the dollar continued its recent upward trend as several Federal Reserve officials cautioned against placing bets that the central bank would stop rising interest rates. Due to the markets' desire for additional clues regarding US monetary policy, Fed Chairman Jerome Powell's next speech will be the main event of interest. Because traders are still wary of any aggressive signals from the Fed, sentiment toward Asian markets is still muted. Regional markets have become less appealing to traders due to indications of China's ongoing economic difficulties. The Australian dollar rose 0.1%, recovering slightly after dovish signals from the Reserve Bank of Australia sent the currency down nearly 1% on Tuesday.
Short
by Chart_MasterPro
1
AUDUSD Technical Analysis and Trade IdeaIn this video, we present a comprehensive analysis of the AUDUSD, with a particular focus on the prevailing bearish sentiment detected in higher timeframes. Notably, the AUDUSD has reached a critical support level. Throughout this presentation, we explore essential aspects of technical analysis, encompassing elements such as the current trend, dynamics of price action, market structure, and various other fundamental components of technical analysis. As we progress further in the video, we closely scrutinize a potential trading opportunity. It is essential to underscore that the information provided here is solely intended for educational purposes and should not be misconstrued as financial advice. Participating in currency market trading involves a substantial degree of risk. Hence, it is imperative to judiciously incorporate risk management strategies into your trading plan.
Short
by fxtraderanthony
BluetonaFX - AUDUSD SHORT to Yearly Low Break IdeaHi Traders! AUDUSD is under more pressure, and there is a potential support break on the 1D chart. Price Action 📊 The price action currently looks bearish, with market swings showing lower highs and lower lows. We are looking for a break and a close below the support price at 0.62856, which is the yearly low. Fundamental Analysis 📰 Last Thursday, employment figures from Australia lessened expectations of an RBA rate hike, which has the Australian dollar currently trading under pressure.   Support 📉 0.62856: YEARLY LOW Resistance 📈 0.63298: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
3
AUDUSD: Asian stocks opened lower after a negative overnight sesAsia Pacific markets are expected to continue to decline at Friday's open, weighed down by Wall Street's decline in response to stronger-than-expected labor data and mixed comments from the Bureau. Federal Reserve. As of 9:50 a.m. AEST (11:50 p.m. GMT), the S&P/ASX 200 index was down 1.4%, while Nikkei 225 futures also showed a lower open with a loss of 70 points. US stocks closed lower, with the Dow Jones Industrial Average down 250 points to 33,414, while the S&P 500 and NASDAQ Composite fell 0.8% to 4,278 and 1% to 13,186 respectively. Midday gains were seen after Federal Reserve Chairman Powell said further interest rate hikes in November were unlikely. However, inflation concerns persist as policymakers exercise caution.
Short
by Chart_MasterPro
AUDUSD AUDUSD is trending downAUD increased slightly on October 12 when Australian banks may increase interest rates to 4.35% Australia is committed to ensuring a stable energy supply to Japan during the 5th Japan-Australia Ministerial Economic Dialogue. The above agreement reflects the strategic partnership between the two countries, emphasizing the important stable and reliable flow of energy resources, which may include sectors such as coal and liquefied natural gas (LNG)
Short
by Chart_MasterPro